Kestra Investment Management LLC Trims Holdings in iShares Short Maturity Municipal Bond Active ETF $MEAR

Kestra Investment Management LLC trimmed its position in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) by 16.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 393,836 shares of the company’s stock after selling 78,459 shares during the quarter. Kestra Investment Management LLC owned about 1.75% of iShares Short Maturity Municipal Bond Active ETF worth $19,818,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MEAR. Captrust Financial Advisors boosted its stake in iShares Short Maturity Municipal Bond Active ETF by 115.3% in the 3rd quarter. Captrust Financial Advisors now owns 1,258,796 shares of the company’s stock worth $63,582,000 after purchasing an additional 674,207 shares during the period. Bank of America Corp DE boosted its stake in iShares Short Maturity Municipal Bond Active ETF by 21.4% in the 2nd quarter. Bank of America Corp DE now owns 1,149,777 shares of the company’s stock worth $57,799,000 after purchasing an additional 202,654 shares during the period. Rockwood Wealth Management LLC boosted its stake in iShares Short Maturity Municipal Bond Active ETF by 8.1% in the 4th quarter. Rockwood Wealth Management LLC now owns 2,191,159 shares of the company’s stock worth $110,259,000 after purchasing an additional 163,620 shares during the period. DeLarme Wealth Management Inc. bought a new position in iShares Short Maturity Municipal Bond Active ETF in the 4th quarter worth approximately $5,953,000. Finally, HighTower Advisors LLC boosted its stake in iShares Short Maturity Municipal Bond Active ETF by 127.9% in the 3rd quarter. HighTower Advisors LLC now owns 194,412 shares of the company’s stock worth $9,820,000 after purchasing an additional 109,109 shares during the period.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

MEAR stock opened at $50.26 on Tuesday. iShares Short Maturity Municipal Bond Active ETF has a 1-year low of $50.03 and a 1-year high of $50.79. The business has a 50 day simple moving average of $50.30 and a two-hundred day simple moving average of $50.37.

About iShares Short Maturity Municipal Bond Active ETF

The iShares Short Maturity Municipal Bond ETF (MEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund holds a portfolio of actively managed municipal bonds and targets a weighted average portfolio maturity of 3 years or less. MEAR was launched on Mar 3, 2015 and is managed by BlackRock.